If your looking to start accumulating silver you s
Post# of 29744
Posted On: 10/23/2015 7:40:35 AM
If your looking to start accumulating silver you should look into these plays. It seems like a good time to accumulate stocks on silver and gold in my opinion.
1. iShares Silver Trust (SLV) was initiated in 2006 with the sponsorship of Black Rock’s iShares. The trustee is Bank of New York Mellon and the custodian (holding the Silver Bullion) is JP Morgan Chase. The SLV fund is backed 100% by physical silver bullion at the silver fair market value. The performance of SLV shares should mirror the price performance of the underlying silver bullion in the trust minus the applicable expense ratio, which is 0.50% of Assets Under Management (AUM). SLV has a market capitalization of more than $5.5 billion and its AUM has a Net Asset Value (NAV) of approximately $5.5 billion with more than 340 million shares outstanding.
2. Physical Silver Trust (SIVR) was initiated in 2009 with the sponsorship of ETF Securities USA LLC. The trustee is Bank of New York Mellon and the custodian is HSBC Bank. Like the SLV, the SIVR fund is fully backed by actual silver at the prevailing market value and the performance of SIVR shares should be similar to that of the underlying asset in the trust minus the applicable expenses (an expense ratio of 0.30% for SIVR). SIVR has an approximate market cap of $300 million and its AUM is also approximately $300 million with more than 18 million shares outstanding.
3. PowerShares DB Silver Fund (DBS) is a “PowerShares ETF” that is managed by DB Commodity Services LLC, a subsidiary of Invesco PowerShares Capital Management LLC. It was initiated in 2007. Over the medium to long-term, the DBS ETF attempts to mimic the “DBIQ Optimum Yield Silver Index Excess Return” with the use of silver index futures contracts. (To learn more, see: Trading Gold And Silver Futures Contracts). This is done by creating a portfolio of futures ETFs that is composed of a single index commodity i.e. silver. Part of the DBS ETF returns also comes from interest earned from cash in its margin account invested in U.S. treasuries and some high credit quality fixed-income securities, and that may cause some short term divergence with the silver futures prices. So the returns of DBS shares come from the above sources minus an expense ratio of 0.79% of AUM. PowerShares DBS’ market cap is upwards of $25 million versus an AUM of about $22 million with fewer than 1 million shares outstanding.
Read more: The Top 3 Silver ETFs (SLV,SIVR,DBS) http://www.investopedia.com/articles/investin...z3pOFZa95k
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1. iShares Silver Trust (SLV) was initiated in 2006 with the sponsorship of Black Rock’s iShares. The trustee is Bank of New York Mellon and the custodian (holding the Silver Bullion) is JP Morgan Chase. The SLV fund is backed 100% by physical silver bullion at the silver fair market value. The performance of SLV shares should mirror the price performance of the underlying silver bullion in the trust minus the applicable expense ratio, which is 0.50% of Assets Under Management (AUM). SLV has a market capitalization of more than $5.5 billion and its AUM has a Net Asset Value (NAV) of approximately $5.5 billion with more than 340 million shares outstanding.
2. Physical Silver Trust (SIVR) was initiated in 2009 with the sponsorship of ETF Securities USA LLC. The trustee is Bank of New York Mellon and the custodian is HSBC Bank. Like the SLV, the SIVR fund is fully backed by actual silver at the prevailing market value and the performance of SIVR shares should be similar to that of the underlying asset in the trust minus the applicable expenses (an expense ratio of 0.30% for SIVR). SIVR has an approximate market cap of $300 million and its AUM is also approximately $300 million with more than 18 million shares outstanding.
3. PowerShares DB Silver Fund (DBS) is a “PowerShares ETF” that is managed by DB Commodity Services LLC, a subsidiary of Invesco PowerShares Capital Management LLC. It was initiated in 2007. Over the medium to long-term, the DBS ETF attempts to mimic the “DBIQ Optimum Yield Silver Index Excess Return” with the use of silver index futures contracts. (To learn more, see: Trading Gold And Silver Futures Contracts). This is done by creating a portfolio of futures ETFs that is composed of a single index commodity i.e. silver. Part of the DBS ETF returns also comes from interest earned from cash in its margin account invested in U.S. treasuries and some high credit quality fixed-income securities, and that may cause some short term divergence with the silver futures prices. So the returns of DBS shares come from the above sources minus an expense ratio of 0.79% of AUM. PowerShares DBS’ market cap is upwards of $25 million versus an AUM of about $22 million with fewer than 1 million shares outstanding.
Read more: The Top 3 Silver ETFs (SLV,SIVR,DBS) http://www.investopedia.com/articles/investin...z3pOFZa95k
Follow us: Investopedia on Facebook
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